(A) To provide for the purposes of paying costs of general municipal functions, including but not limited to constructing, reconstructing, widening, grading, draining, paving, resurfacing, maintaining, repairing and otherwise improving streets, sidewalks, curbs and gutters, and related infrastructure improvements, costs of constructing and installing storm water improvements, and the costs of acquiring related equipment and other related municipal street and storm water operating expenses, there is hereby levied a tax on all income, salaries, qualifying wages, commissions and other compensation, and on net profits, as hereinafter provided.
(B) (1) The annual tax is levied at a rate of two per cent (2.00%) per year. The tax is levied on all income, salaries, qualifying wages, commissions and other compensation, and on net profits as hereinafter provided in this Chapter and other sections as they may apply.
(2) The annual tax, as defined in (B)(1), collected under this chapter shall be disbursed by the Village Fiscal Officer in the following manner:
(a) First, such part thereof as is necessary to defray all expenses of collecting the tax and of administering and enforcing this chapter shall be paid.
(b) Income tax funds available shall be disbursed in the following manner; General Fund 100%
(C) The tax on income and the withholding tax established by Chapter 191 are authorized by Article XVIII, Section 3 of the Ohio Constitution. The tax is levied in accordance with, and is intended to be consistent with, the provisions and limitations of Ohio Revised Code 718.
(Ord. 2015-49. Passed 12-1-15.)